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20121129
20121207
Search Results 0 to 4 of about 5 (some duplicates have been removed)
romney tried to make the case that occurred as is making. it has failed miserably. it has failed in history. if it fails from campaign economics. the bush tax cuts disproportionately benefit high- income people. if we get rid of those we will save a lot of money and there is minimal risk to the short term income. high income, whether you are with a wall street bond trader or a ceo of a corporation, they tend to be less vulnerable to the ups and downs of their income and middle class people. we need to support those people. that will lock in savings again. host: next caller. caller: why can't we do away with the federal reserve? if they don't have borrowing power, they do not have debt. that we cannot borrow money from china. let's do away with it. everybody buckle down for a decade and let's get this thing came down. host: let's go to our next caller in massachusetts. the democrats line. caller: looking at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we k
. mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these deductions? guest: they can be important. the goal is to not get rid of the budget deficit. lots of people do not want to get rid of the budget deficit. they want to get it down to a manageable level. opinions differ. you can make a big dent through closing or reducing the loopholes. host: do you expect them to play a role? could they end up on the chopping block? guest: republicans have put them on the table. i think you probably will see some of both. this is a process that will go on for the better part of the next year. during that process, you will see some of both. host: john mckinnon is a
would cap the overall amount of the deduction that somebody could claim. this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. are you there? caller: i have a question for you. i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries would be affected. host: children
Search Results 0 to 4 of about 5 (some duplicates have been removed)